Nairobi, Sept. 4 -- KCB Group #ticker:KCB has lost an attempt to reopen a decade-old fraud case against its former operations manager who was accused of embezzling over Sh70 million.
The bank wanted Justice David Majanja to review, vary or set aside his ruling dated February 7, 2020, after the lender failed to prosecute the suit for nearly 10 years.
It also wanted reinstatement of interim orders issued in 2010 freezing accounts and restraining the former manager, Anne Kajuju together with 24 others, from transferring or dealing with properties acquired as a result of the alleged fraudulent conduct.
In the application, KCB indicated that it had a valid claim against the 25 defendants involving the loss of Sh70 million.
However, Justice M...